Question

In case of a non-profit organisation rent of building is due but not yet received is considered as
(a) Asset
(b) Liability
(c) Income
(d) Expenditure
and why? ​

Answer 1

Ello

Ur answer is

⬇️⬇️⬇️⬇️

A→ asset....

Bcz

It is considered as income of npo..

Which will be receivable in future

So this accrued income considers as a

Asset.

❤✌️

Answer 2

Asset is the answer......